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...G42’s companies range from data centres to healthcare, and it has produced an Arabic large language model called Jais....
...Additional reporting by Richard Waters and George Hammond in San Francisco...
...G42’s deal with Microsoft means it will have to abide by US regulations....
...DV4’s trustee was Harbour, a Cayman Islands-based fund services company. Harbour did not respond to a request for comment....
...Li’s parents gave up a middle-class life in China after 1989’s Tiananmen Square massacre and came to the New Jersey suburbs in the hope of a better future for their daughter in the US....
...From about £10bn in 2015, its market capitalisation has dropped to just under £5.5bn, according to data provider S&P Capital IQ....
...George Hammond: How significant a technology is AI for the military? Alexandr Wang: You know, I think it’s extremely significant....
...The Russell 2000 index has risen 24 per cent since the beginning of 2020, lagging behind the S&P 500’s more than 60 per cent gain over the same period. Read the full story. 4....
...Besides attractive starting valuations, the most important factor for the Russell 2000’s prospective returns is economic growth, said Goldman’s Hammond....
...Stewart readily concedes that Hammond was no dud; experts often get things wrong and a fresh pair of eyes can be valuable. Hammond also had obvious political skills....
...Hammond quit politics ahead of December 2019’s general election after falling out with Boris Johnson, the prime minister, and the Conservative party over Brexit....
...Multiples looked reasonable, especially compared with the expensive S&P 500. The Russell 2000’s price/book ratio was well below the historical average....
...However, Philip Hammond reduced the allowance to £2,000 from April 2018....
...Additional reporting from Richard Waters, George Hammond and Camilla Hodgson in San Francisco...
...Speaking on BBC Radio 4’s Today programme on Thursday, Gove said: “I freely admit and acknowledge that in the aftermath of Grenfell we should have moved more quickly to take a particular set of actions to...
...Additional reporting by George Hammond...
...Meanwhile, the S&P 500 posted a total return of 17 per cent in the first half of this year and the US Federal Reserve funds rate, a proxy for risk-free returns for investors, is 5.25 per cent....
...Kanter is worried about the size and influence of the industry, telling the FT “we’re seeing a once-in-many generation(s) shift in how markets function” and a “once-in-century inflection point in terms of...
...There was the internal memo that recently surfaced from last year in which N26’s six most senior employees accuse the chief executive duo of establishing a “culture of fear”, and the cap on its client growth...
...law firms in central London last year was the most the sector has taken since before the Brexit referendum in 2016, more than 50 per cent higher than the amount taken in 2020 and 85 per cent up on 2019’s...
...That was about £500m higher than 2020’s previous record. Close to £2bn worth of deals are already in train for this year and a further £2.5bn being marketed, according to CBRE....
...Number 10’s flagship high-speed rail scheme in the north of England, HS2, Gee noted, had been approved at a price range of £72bn to £110bn, raising potential for between £1.4bn and £7.4bn in fraud and corruption...
...The official inquiry into the disaster found evidence that company staff members joked about submitting different material for K15’s authorisation for use in tall buildings than the material it sold....
...“The junk merchant doesn’t sell his product to the consumer, he sells the consumer to his product,” William S Burroughs wrote. “He does not improve and simplify his merchandise....
...beneficiaries of Thursday’s float is Neumann, who retains a roughly 11 per cent shareholding, worth almost $1.1bn at Thursday stock price, despite having left WeWork under pressure in the wake of 2019’s...
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